Latest Canadian data clouds rate hike certainty

Newswire

By Luke McCann OTTAWA, July 22 (Reuters) - Evidence on Friday of weak Canadian retail sales and tame inflation could ruffle plans by the Bank of Canada to raise interest rates in the near term, economists said. Canadian retail sales, which make up about half of total consumer spending, fell a bigger-than-expected 1.3 percent in May from April, Statistics Canada said on Friday. The surprise drop -- analysts had on average expected a loss of only 0.3 percent in May -- was the first time ...

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